Designed to operate at the behest of and for the benefit of a non-insurance parent owner-company or group, the captive structures provide reduced cost coverage, direct access to reinsurers, provision of broad or otherwise unavailable coverage, improved cash flow, and improved risk retention.
While recent IRS rulings have made captive insurance arrangements somewhat trickier, the associated benefits continue to outweigh their negative aspects. Not only can CB&H determine whether a captive insurance arrangement creates a more tax-efficient economic environment for your corporation, but we can also further assist you in the formation, funding, and facilitation of your captive structure.
Key Services Offered:
Design facilitation, implementation, formation, and funding of captive insurance arrangements
Selection of jurisdiction based on regulatory environment, the infrastructure of the country (if it is not the U.S.), and the tax consequences
Modeling of high and low tax jurisdiction alternatives to maximize tax advantages
Evaluation of onshore and offshore captive options
Tax planning for captive insurance to identify and address business/tax objectives
Reporting and computation of taxes regarding CFC status and related person insurance income
Maximization of available tax advantages and minimization of risks associated with captive insurance structures
Advisory services regarding various captive insurance structures and alternatives
Maintenance of captive insurance arrangement structure and purpose
Review of captive insurance arrangements based on recent IRS codes and criteria
Filing and reporting services
Advisory services for generation/ issuance of insurance contracts
